Xinja, in the process of building what it says will be "the first Australian, independent entirely digital bank" – designed entirely for mobile – has been granted an Australian Credit Licence by the Australian Securities and Investments Commission. read more

National Australia Bank has come under fire from federal small business ombudsman Kate Carnell for its decision to impose a new transaction fee on business customers making real time payments through its banking website. read more

New reporting standard IFRS 9 shifts the accounting for credit losses in financial reporting to a more forward-looking "expected credit loss" impairment model, with earlier recognition - but this is not expected to result in widespread changes to banks' issuer credit ratings. read more

Australian banks will be given additional incentives to compete for conventional owner-occupier home loans as opposed to investment and "non-standard" mortgages under a new capital risk regime proposed by the country's prudential regulator. read more